Subscribe in a reader | Subscribe by Email Reports for February and March showed similar statistics – increase in trade surplus. However, there’s a big jump between March and April, which is 43.9%, exports higher by 8.2% compared to March, but imports also increased slightly by 1.67%. The main contributors for export are the same – electronics, palm oil, petroleum, and chemical products. The report did not mention about volume of exported products, so we can’t say if its higher volume or higher price (due to market demand and currency rates) that increased the sales.
Hmmm..what am I trying to say?
If I sell 10 kg of apples at RM5 per kilo, that’s RM50 sales.
volume X price= sales
To increase sales, I have to increase either volume or price, or both. So, which is which? A check on MITI’ website also does not provide details on both price or volume.
Malaysia’s trade surplus grew sharply to RM11.48 billion in April as exports jumped 20.9 percent, according to official data released today.
The April surplus was 95.8 percent higher than the same period last year, and up 43.9 percent from March, the Ministry of International Trade and Industry said.
Exports reached RM55.8 billion, a 20.9 percent increase from April 2007 and up 8.2 percent compared to March this year.
“Major product sectors which contributed to the increase in exports in April 2008 were electrical and electronics products, palm oil, crude petroleum as well as chemicals and chemical products,” the ministry said.
April imports grew 10 percent from last year to RM44.32 billion and were 1.67 percent higher against March levels.
Malaysia’s exports to the United States, its main trading partner, grew to RM7.89 billion in April, a 6.4 percent increase from the same period last year on higher exports of electrical and electronic products.
http://www.malaysiakini.com/news/83891
At last the euro shows durability once again.